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Earnings Per Share Attributable to Federated Hermes, Inc. Shareholders
 9 Months Ended
Sep. 30, 2023
Earnings Per Share [Abstract]  
Earnings Per Share Attributable to Federated Hermes, Inc. Shareholders Earnings Per Share Attributable to Federated Hermes, Inc. Shareholders
The following table sets forth the computation of basic and diluted earnings per share using the two-class method for amounts attributable to Federated Hermes:
 Three Months EndedNine Months Ended
September 30,September 30,
(in thousands, except per share data)2023202220232022
Numerator
Net Income Attributable to Federated Hermes, Inc.$75,026 $69,479 $216,802 $182,999 
Less: Total Net Income Available to Participating Unvested Restricted Shareholders1
(3,310)(3,565)(10,309)(9,072)
Total Net Income Attributable to Federated Hermes Common Stock - Basic and Diluted$71,716 $65,914 $206,493 $173,927 
Denominator
Basic Weighted-Average Federated Hermes Common Stock2
83,710 84,531 84,499 86,109 
Dilutive Impact from Non-forfeitable Restricted Stock0 5 3 2 
Diluted Weighted-Average Federated Hermes Common Stock2
83,710 84,536 84,502 86,111 
Earnings Per Share
Net Income Attributable to Federated Hermes Common Stock - Basic and Diluted2
$0.86 $0.78 $2.44 $2.02 
1    Includes dividends paid on unvested restricted Federated Hermes Class B common stock and their proportionate share of undistributed earnings attributable to Federated Hermes shareholders.
2    Federated Hermes common stock excludes unvested restricted stock which are deemed participating securities in accordance with the two-class method of computing earnings per share, except for circumstances where shares vest upon retirement and the employee has reached retirement age.